Two approaches can be distinguished with respect to modelling entrepreneurship: (i) the approachfocusing on the net development of the number of entrepreneurs in an equilibrium framework and (ii)the approach focusing on the entries and exits of entrepreneurs. In this paper we unify these...

The question of which factors contribute to success or failure in starting a business is investigated utilizing Gartner's (1985) framework, which suggests that start-up efforts differ with regard to characteristics of the individual who starts the venture, the organization they create, the...